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Exelixis, Inc. Message Board

  • duckduffer duckduffer Feb 12, 2013 1:09 PM Flag

    Short Interest Trend-Intact

    The short interest trend continued through the most recent period. If this is a sign of the huge short hedge slowly being unwound, it's also an explanation for the obvious ceiling the stock has shown in the past 8 weeks. Institutions want to cover the hedge at the lowest possible price. So far a very slow process, but of course, if the process was faster the PPS would be forced upward as short covering requires the purchasing of shares. A good forward looking indicator, if one considers this to be a trend.

    Settlement Date_____Short Interest_____Avg Daily Share Volume_____Days To Cover

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    • $$$$

      Thanks, duckduffer.
      10% reduction in SI in 4 reporting sessions doesn't seem all that slow to me...particularly given the lack of predictable near-term catalysts. If something does break news-wise, it'll be interesting to see who sprints to cover. The current trend tells me that roughly 50% of the short trade could be unwound by ESMO 2013...which I would consider a likely forum for the next round of previously unreported trial data. Unless there's a sleeper in the worx, I currently harbor but little hope for June's ASCO...
      But a surprise'd sure be nice...


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